Form 4 for SPCE Virgin Galactic Holdings, Inc

Accepted 2022-12-07 00:00:00 ET · period of report 2022-12-05 · accession 0000899243-22-037931 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
M	2022-12-07	2022-12-05	SPCE	Kim Sarah E	See Remarks	A - Grant	$0.00	+237.5K	43.6K	New	$0

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2022-12-05	A	A	48,464	$0.00	237,472	D	—	—	(F3) Represents an award of performance share units ("PSUs"), each of which represents a contingent right to receive one share of the Issuer's common stock. The PSUs will vest based on the achievement of growth rates in the price of the Issuer's common stock between the award date and March 16, 2025, subject to earlier vesting in certain circumstances described in the applicable award agreement. The amount reported herein represents the target amount under the PSU award.
2	Common	Common Stock	2022-12-05	A	A	145,391	$0.00	189,008	D	—	—	(F2) Represents an award of RSUs, which will vest with respect to 25% of the RSUs on December 5, 2023 and the remaining 75% of the RSUs will vest in 12 quarterly installments beginning on December 5, 2023, subject to the Reporting Person's continued service through the applicable vesting date. The RSUs will be settled in shares of the Issuer's common stock upon vesting.
3	Common	Common Stock	2022-12-05	A	A	43,617	$0.00	43,617	D	—	—	(F1) Represents an award of restricted stock units (the "RSUs"), which will vest with respect to 50% of the RSUs on June 5, 2023 and the remaining 50% of the RSUs will vest on December 5, 2023, subject to the Reporting Person's continued service through the applicable vesting date. The RSUs will be settled in shares of the Issuer's common stock upon vesting.